September 24, 2020/US SEC The Securities and Exchange Commission today charged Florida-based real estate developer James M. Rudnick with fraud in connection with the sale of promissory notes of two entities he controlled. The Commission’s complaint alleges that between 2013 and 2018, Rudnick, through his entities Southeast Lot Acquisitions, LLC […]
Frauds & Scandals
SEC Charges BMW for Disclosing Inaccurate and Misleading Retail Sales Information to Bond Investors
September 24, 2020/US SEC The Securities and Exchange Commission today announced settled charges against Germany-based automaker BMW AG and two of its U.S. subsidiaries for disclosing inaccurate and misleading information about BMW’s retail sales volume in the U.S. while raising approximately $18 billion from investors in several corporate bond offerings. […]
SEC Charges Texas Investment-Adviser Firm and Its Owner for Misappropriating Assets
September 24, 2020/US SEC The Securities and Exchange Commission today charged Oscar Haynes Morris, Jr. and the investment adviser he owned, Lakeside Capital Partners, LP, with misappropriating more than $100,000 from two investment partnerships they managed. According to the SEC’s complaint, Morris and Lakeside misappropriated approximately $55,184 from a private […]
